XJO - Retrace, impulse

I am unsure if we will see a nice retrace to the 0.618 FIB before we see one final push to a double bottom, creating a M formation on the weekly before we can hopefully see a great start to the 2020 FY. I will be watching the environment around the 0.618 FIB to see if it will continue up or impulse down for a new leg. A market scare will be needed to see a strong impulse down.